ATB specialises in trade and project finance, corporate banking and international money transfers. It is positioned as a financial gateway between Russia, CIS and Western European markets. The bank is implementing Misys’ solutions from the Fusionbanking and Fusioncapital portfolios to modernise its corporate banking, treasury and capital management (TCM) and trade finance operations.
ATB is already a long-standing customer of Misys’ tech – for over two decades – using the Equation core system, Opicsfor TCM and Trade Innovation for trade finance. All these systems will now be upgraded.
In addition, the bank will implement Misys’ Fusionrisk solution for risk management. The core banking replacement programme started in October last year and is expected to be completed this October. Michel Hofman, head of business technology and change at ATB, says the bank decided to reaffirm its commitment to Misys as it was persuaded by the vendor’s “technology roadmap and flexibility of the Misys Fusion software portfolio”.
Prior to settling for Misys, ATB went through a system selection process – as exclusively reported by Banking Technology last year. ATB evaluated Temenos with its T24 offering and a small Norwegian player, Commercial Banking Applications (CBA) with its IBAS GBF product. “We are really approaching this as a co-production, with a lot of shared interest in achieving our objectives,” Hofman tells Banking Technology.
As well as Misys, another important partner is Benelux-based Sentia, which will host the new environment.
In December 2016, ATB signed a contract with Sentia to outsource and renew its whole IT infrastructure. The bank is now “all in” with this partner with the aim to have migrated all applications to Sentia by July 2017.
They are the ones pushing us, challenging us and providing us with quick time to market on new initiatives. Sentia is helping us to achieve a higher maturity level on managing IT, while at the same time allowing us to substantially reduce IT related costs. Michel Hofman Head of Business Technology & Change (CIO) Amsterdam Trade Bank